Federal Energy Regulatory Commission v. Vitol Inc. and Federico Corteggiano – A case study

Overview The FERC v. Vitol/Corteggiano matter is interesting on several different levels and telling from a compliance expectations standpoint. The matter involves the arcane world of congestion revenue rights (CCRs). The allegation made by FERC is that the Vitol trader understood the mathematical models (and the workings of those models) to such an extent that […]